dYdX Labs has just launched its first spot trading product, initially focused on Solana (SOL). This expansion marks the first time the platform opens access to users in the United States. To attract new users, dYdX will offer zero trading fees for the rest of the year. “By launching with competitive fees and Solana spot trading, we’re delivering the tools professionals need while expanding access in a regulated way,” affirmed Eddie Zhang, President of dYdX Labs.
This initiative is a fundamental pillar in the platform’s strategy to evolve from a perpetual contracts exchange to a full-service decentralized trading service. With a cumulative volume of over $1.5 trillion since 2017, dYdX seeks broader adoption in both the retail and institutional markets, all while maintaining its DeFi principles of transparency and self-custody.
While perpetual contracts remain unavailable to U.S. users due to regulatory restrictions, the company stated that it will closely monitor developments in Washington. The initial success of this foray into the spot market, especially with the zero-fee incentive, will be key in determining the future availability of derivatives products in the U.S.
Source: https://www.dydx.xyz/blog/solana-spot-trading-is-now-live-on-dydx
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